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4 + 1 (Metals) strategy

  • #4,261
  • Aug 4, 2020 6:43am Aug 4, 2020 6:43am
Quoting MzansiObi
04 August 2020 Range bound trading since daily open, however, H1 remains bullish. Not much in it at the moment, as such need to er on the side of caution and patience. Most immediate target for bulls is the 2000 psych levels, while continued daily closes above 1950 is a positive for bullish continuation Intra Day Levels Upside 2012.35 1998.69 1987.83 1977.29 Downside 1974.09 1970.88 1963.31 1953.17 1949.65 Green Pips

pending buy order:
1964
SL: 1950
TP Open
4&1 All Time Profit: $37,496
  • #4,262
  • Aug 4, 2020 12:24pm Aug 4, 2020 12:24pm
Update: Marking most immediate target for this bullish run to 2007.88


Green Pips...
4&1 All Time Profit: $37,496
  • #4,263
  • Aug 5, 2020 3:20am Aug 5, 2020 3:20am
5 August 2020

BULLISH BULLISH BULLISH.

Price managed to break beyond the immediate target at 2007.88, the daily close above the upper end of the weekly upside level is a positive. With that said, the H1 zone has also begun to slope upwards as such buy dip mode continues. There are now just two upside weekly levels left in terms of the weekly bullish upside objectives


Inra day levels
Upside
2060.09
2054.8
2052.06
2034.69
Downside
2022.27
2019.95
2003.18
1999.88



Green Pips
4&1 All Time Profit: $37,496
  • #4,264
  • Aug 12, 2020 1:18am Aug 12, 2020 1:18am
Quoting MzansiObi
5 August 2020 BULLISH BULLISH BULLISH. Price managed to break beyond the immediate target at 2007.88, the daily close above the upper end of the weekly upside level is a positive. With that said, the H1 zone has also begun to slope upwards as such buy dip mode continues. There are now just two upside weekly levels left in terms of the weekly bullish upside objectives Inra day levels Upside 2060.09 2054.8 2052.06 2034.69 Downside 2022.27 2019.95 2003.18 1999.88 Green Pips
Levels
  • #4,265
  • Aug 19, 2020 1:55am Aug 19, 2020 1:55am
Quoting Unitedgold
{quote} Levels
Hello
  • #4,266
  • Aug 24, 2020 3:00pm Aug 24, 2020 3:00pm
Divergence on weekly chart, overbought on monthly chart. Day is consolidating for either resume uptrend or deep correction.

Inserted Video
P.S. Trade with the discipline of Money Management and Risk Management.
  • #4,267
  • Sep 3, 2020 6:34pm Sep 3, 2020 6:34pm
Quoting MzansiObi
5 August 2020 BULLISH BULLISH BULLISH. Price managed to break beyond the immediate target at 2007.88, the daily close above the upper end of the weekly upside level is a positive. With that said, the H1 zone has also begun to slope upwards as such buy dip mode continues. There are now just two upside weekly levels left in terms of the weekly bullish upside objectives Inra day levels Upside 2060.09 2054.8 2052.06 2034.69 Downside 2022.27 2019.95 2003.18 1999.88 Green Pips
Please resume levels
  • #4,268
  • Feb 18, 2021 3:11am Feb 18, 2021 3:11am
18 Feb 021

H1: Bearish and Sell.
H4 Bearish and Sell.
D1: Bearish and Sell.

All three time frames are bearish and as such bias on Gold is bearish with targets towards key horizontal support thats found on the weekly and monthly charts.

There is some bullish divergence on the H1 so the next best high probability setup for today comes in at

Sell 1789.11
Stop Loss: 1800.15
TP open

Green Pips
4&1 All Time Profit: $37,496
  • #4,269
  • Feb 18, 2021 3:16am Feb 18, 2021 3:16am
Quoting MzansiObi
18 Feb 021 H1: Bearish and Sell. H4 Bearish and Sell. D1: Bearish and Sell. All three time frames are bearish and as such bias on Gold is bearish with targets towards key horizontal support thats found on the weekly and monthly charts. There is some bullish divergence on the H1 so the next best high probability setup for today comes in at Sell 1789.11 Stop Loss: 1800.15 TP open Green Pips
Hey Obi.. it's been long time. Good to see your post today.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #4,270
  • Feb 18, 2021 7:13am Feb 18, 2021 7:13am
Quoting MzansiObi
18 Feb 021 H1: Bearish and Sell. H4 Bearish and Sell. D1: Bearish and Sell. All three time frames are bearish and as such bias on Gold is bearish with targets towards key horizontal support thats found on the weekly and monthly charts. There is some bullish divergence on the H1 so the next best high probability setup for today comes in at Sell 1789.11 Stop Loss: 1800.15 TP open Green Pips
First short entry filled, and price rejecting the highs, will take partial profits by closing 50% of the trade and trail and still look to re enter the retest..
The rejection from the level happening too quick suggesting bulls may take another crack at it....

Quoting farukh
{quote} Hey Obi.. it's been long time. Good to see your post today.
Hey Farukh, good to see you still around...are you well?
4&1 All Time Profit: $37,496
  • #4,271
  • Feb 18, 2021 7:16am Feb 18, 2021 7:16am
Quoting MzansiObi
{quote} First short entry filled, and price rejecting the highs, will take partial profits by closing 50% of the trade and trail and still look to re enter the retest.. The rejection from the level happening too quick suggesting bulls may take another crack at it.... {quote} Hey Farukh, good to see you still around...are you well?
Associated chart
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH18FebEX_LI.jpg Size: 785 KB
4&1 All Time Profit: $37,496
  • #4,272
  • Feb 18, 2021 12:56pm Feb 18, 2021 12:56pm
Update:
Bearish Engulfing H4, we continue to selling retests of the H1 sell zone. bearish hammer keeps hitting the rallies.
Revised short entry

Sell1779.34
SL 1789
TP 1:1768
TP2: 1756.92

Green Pips.

NB please exercise proper risk man.
4&1 All Time Profit: $37,496
  • #4,273
  • Feb 19, 2021 12:38am Feb 19, 2021 12:38am
19 Feb 2021


Following bearish engulfing H4 candle, we had another step lower, and test lower band of the bearish gold structure, although all three key time frames remain bearish, we looking for a clear break and close of the 1760 handle to confirm the bearish move, given the bullish multi year sentiment on the pair, 1760 is a key level for Gold....


H1: Bearish
H4: Bearish
D1: Bearish.


Intra Day levels
Upside
1799.88
1790.98
1785.98
1781.57
1777.88
Downside
1769.78
1764.78
1756.68

Falling wedge structure on the daily chart, trendlines on the charts since October and its interesting to see how price has continued to respect them, we had a couple of false breakouts but the ensuing Daily candles at points (i) and (ii) respectively signaled/invalidate the breakout structure, as such price currently testiing the bottom of said pattern, I do have an EW count on the charts showing some consolidation but so as to keep the chart simplistic have left it out here, give a heads up if interested....

Green Pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDH1.png19Feb_LI.jpg Size: 977 KB
Click to Enlarge Name: 19Feb_LI.jpg Size: 888 KB
4&1 All Time Profit: $37,496
  • #4,274
  • Feb 19, 2021 3:14am Feb 19, 2021 3:14am
Quoting MzansiObi
19 Feb 2021 Following bearish engulfing H4 candle, we had another step lower, and test lower band of the bearish gold structure, although all three key time frames remain bearish, we looking for a clear break and close of the 1760 handle to confirm the bearish move, given the bullish multi year sentiment on the pair, 1760 is a key level for Gold.... H1: Bearish H4: Bearish D1: Bearish. Intra Day levels Upside 1799.88 1790.98 1785.98 1781.57 1777.88 Downside 1769.78 1764.78 1756.68 Falling wedge structure on the daily chart, trendlines on the charts...
We have divergence on both h1 and h4. May have pull back before continuing south
P.S. Trade with the discipline of Money Management and Risk Management.
  • #4,275
  • Feb 19, 2021 7:18am Feb 19, 2021 7:18am
Quoting farukh
{quote} We have divergence on both h1 and h4. May have pull back before continuing south
Agreed that wedge support seems to be holding for now, so will continue recycling the H1 sell zone till it fails then look towards the H4 sell zone....
4&1 All Time Profit: $37,496
  • #4,276
  • Feb 21, 2021 9:51pm Feb 21, 2021 9:51pm
22 February 2021

Wedge support has held on, H1 Flipped Bullish and as mentioned we can now buy dips cautiously with stops below structural swing low. H1 buy setups Immediate target becomes 1797. Its important to know that we are buying into the H4 sell zone, as such, the moment we have bearish confirmation from the H4 sell zone, will scale down on the H1 buy dips given the overall bearish trend on the longer time frames. For Now though Price above daily open, weekly open and H1 is in bullish territory.....

H1: Bullish and Buy
H4: Bearish and Sell
D1: bearish and Sell.

Weekly levels:
Upside
1831.59
1815.99
1807.43
1784.32
Downside
1763.64
1756.74
1749.56
1724.21



Green Pips
4&1 All Time Profit: $37,496
  • #4,277
  • Feb 21, 2021 9:55pm Feb 21, 2021 9:55pm
Quoting MzansiObi
22 February 2021 Wedge support has held on, H1 Flipped Bullish and as mentioned we can now buy dips cautiously with stops below structural swing low. H1 buy setups Immediate target becomes 1797. Its important to know that we are buying into the H4 sell zone, as such, the moment we have bearish confirmation from the H4 sell zone, will scale down on the H1 buy dips given the overall bearish trend on the longer time frames. For Now though Price above daily open, weekly open and H1 is in bullish territory..... H1: Bullish and Buy H4: Bearish and Sell...
H4 sell set...
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH4 22Feb_LI.jpg Size: 747 KB
4&1 All Time Profit: $37,496
  • #4,278
  • Feb 24, 2021 4:21am Feb 24, 2021 4:21am
Quoting MzansiObi
22 February 2021 Wedge support has held on, H1 Flipped Bullish and as mentioned we can now buy dips cautiously with stops below structural swing low. H1 buy setups Immediate target becomes 1797. Its important to know that we are buying into the H4 sell zone, as such, the moment we have bearish confirmation from the H4 sell zone, will scale down on the H1 buy dips given the overall bearish trend on the longer time frames. For Now though Price above daily open, weekly open and H1 is in bullish territory..... H1: Bullish and Buy H4: Bearish and Sell...
Bullish impulse wave, H4 sell zone didnt hold much since the supportive PA near wedge support and H1 buy zone dips.
As such, two more weekly levels to go, adding 1848.92 as an additional topside level should price breakout above D1 sell zone,

Worth noting, the zones are giving off small price moves and as such, trailing becomes preferred.....

We can see price consolidating at current levels, showing price at key area on the D1 chart,

Bias becomes to buy dips on the H1 with targets towards current weekly high.

Green Pips
4&1 All Time Profit: $37,496
  • #4,279
  • Feb 24, 2021 5:57am Feb 24, 2021 5:57am
Quoting MzansiObi
{quote} Bullish impulse wave, H4 sell zone didnt hold much since the supportive PA near wedge support and H1 buy zone dips. As such, two more weekly levels to go, adding 1848.92 as an additional topside level should price breakout above D1 sell zone, Worth noting, the zones are giving off small price moves and as such, trailing becomes preferred..... We can see price consolidating at current levels, showing price at key area on the D1 chart, Bias becomes to buy dips on the H1 with targets towards current weekly high. Green Pips
Adding this level to weekly numbers :1820.10.
4&1 All Time Profit: $37,496
  • #4,280
  • May 5, 2021 2:23am May 5, 2021 2:23am
05/05/21




TE going live, will be focusing on the system and show live results as per requests.
First trade setup for the day.


Long
Gold at 1779 looking to add more around the 1773 with immediate target at 1795 stops around 1765.
PA currently in a range as per the H4 so need clear break and close upside target to let buy dips run.

Green Pips.
4&1 All Time Profit: $37,496
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